Jahangir Tareen’s lawyer withdrew his bail pleas from the Sessions Court and the Banking Court.
The Federal Investigation Agency (FIA) issued a statement not to arrest Jahangir Tareen and his son Ali Tareen in all the three cases, after which the bail applications were withdrawn.
Jahangir Tareen and his son Ali Tareen had approached the Sessions Court for bail in two cases of money laundering and fraud with shareholders and the Banking Court for avoidance of arrest in a case of transfer of funds to a fake bank account.
The FIA told the Additional Sessions Judge that it was reviewing the case. No arrest required.
Jahangir Tareen’s lawyer said he was withdrawing bail applications.
The court directed that if action is to be taken, Jahangir Tareen should be informed first so that he can approach the court.
The FIA also issued a statement in the banking court not to arrest the accused, on which the bail application was withdrawn. After the appearance, the workers chanted slogans.
Talking to media, Tareen said that this development has nothing to do with the budget.
Jahangir Tareen’s lawyer Salman Safdar said that the high courts had said that there should be no direct arrest. Money laundering also did not come to light as all records were shown.